Oxbridge Re (NASDAQ:OXBR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a report released on Wednesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ OXBR opened at $3.23 on Wednesday. Oxbridge Re has a 12 month low of $0.87 and a 12 month high of $5.81. The company has a 50-day moving average of $4.34 and a 200-day moving average of $3.34. The company has a market cap of $21.76 million, a P/E ratio of -3.85 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in Oxbridge Re during the 4th quarter worth approximately $52,000. Geode Capital Management LLC increased its position in Oxbridge Re by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 133,849 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 4,555 shares in the last quarter. LPL Financial LLC acquired a new stake in Oxbridge Re during the 4th quarter worth approximately $415,000. Finally, Henrickson Nauta Wealth Advisors Inc. increased its position in Oxbridge Re by 26.7% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 59,300 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 5.64% of the company’s stock.

About Oxbridge Re

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.